earnings
confidence high
sentiment positive
materiality 0.75
Dine Brands Q1 same-store sales +6.1% (Applebee's) and +8.7% (IHOP); EPS $1.74
Dine Brands Global, Inc.
2023-Q1 EPS reported
$1.74
revenue$213,767,000
- Net income $27.4M vs $24.9M; GAAP diluted EPS $1.74; adjusted EPS $1.97 vs $1.54.
- Applebee's domestic comp +6.1%, off-premise 23.1% of mix; IHOP domestic comp +8.7%, off-premise 21.7%.
- Total revenues $214M (down $16M due to refranchising); ex-refranchising revenues up 11%.
- Refinanced $500M of A-2 long-term debt at 7.824% post-quarter, reducing debt balance by $200M.
- Re-affirmed full-year 2023 financial guidance.